$7,353.84 In Online Income!

Every month there are 673,000 searches for the term ‘make money online‘ and over a million for various combinations such as ‘earn money online‘ and ‘how to make money online‘. Apparently there’s a lot of money to be made in this niche and there are tons of people who will sell you ebooks, CDs, DVDs and monthly subscriptions on how to make hundreds of thousands of dollars by pimping stuff online or through secret google-checks. The sad truth is that is difficult to make $100,000 a year but it is not impossible. With a little bit of effort I’ve been pulling in a little over $2,000 a month for almost a year. I wish I could devote more time to it, but with my MBA, job search and some part-time consulting (and now summer internship) I barely get any time to try new things. In fact, I barely get time to post on this blog either.

Here’s my breakdown for the 2nd quarter. I made $7,353.84 in online income I made between April 2009 through June 2009. For comparison, I made $6,760.85 in online income during the 1st quarter.

On average, I made just over $2,250 a month. As usual, Ebay was the largest income producer. Till date this year, I’ve made just over $5,000 from Ebay affiliate commissions and over $8,000 since I started last year. (click on the graph twice to see a larger image).

As you can see from the graph, the earnings (in yellow) have steadily increased each month (with a big surge before Christmas followed by a huge drop right after!). Read this post on How to make money from Ebay without selling anything if you want more information about starting your own niche sites.

One of my fellow blogtrepreneurs makes over $3,000 from his BANS sites so there is decent money to be made. However, the few $100k/year guys I know make it from selling ebooks and other online products. From what I gather, that is the most likely way to make a real living from online marketing and sales. Towards that end, I’ve been working on a project to create and sell some online ebooks. Within the next several weeks, I divulge more information about it. Until then, all I can say is that the idea was motivated by this $7 ebook!